ILM is currently working on M. Night Shyamalan's Lady in the Water, set to be released July 21, 2006, and Lee Tamahori's Next based on Philip K. Dick's short story The Golden Man, scheduled to be released 2007. Scott Farrar, who recently completed The Chronicles of Narnia: The Lion, the Witch and the Wardrobe will supervise Next.
Lady in the Water stars Paul Giamatti as an apartment building superintendent who discovers a young woman, played by Bryce Dallas Howard, in the pool which might not be what she appears to be. Jeffrey Wright, Bob Balaban, Mary Beth Hurt and Freddy Rodríguez also star. M. Night Shyamalan has previously worked with ILM on Signs and The Village.
Next stars Nicolas Cage as a mutant capable of seeing the future. Julianne Moore also stars. Lee Tamahori previously worked with ILM on xXx: State of the Union.
No word yet on who is supervising Lady in the Water. You can read Next's Cinefex entry here:
Thanks to Shane and jonroberts for the heads up.